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What Is a White Collar Crime?

Posted By Blumenthal Law Offices || 27-Sep-2016

The category of “white collar crimes” encompasses a wide range of nonviolent crimes which are financially motivated in nature and typically involve the use of deceit or theft for personal financial gain. Usually committed by persons of power or high-status in the context of their occupation, these types of crimes can involve a wide range of unethical acts such as misappropriating company funds, abusing access to privileged information, collusion, or engaging in some sort of wide-reaching scam. White collar crime charges can expose defendants to serious criminal consequences upon conviction and inflict permanent damage to their personal and professional reputation.

Common white collar crimes include:

According to the Federal Bureau of Investigation (FBI), white collar crimes cost the United States an estimated $300 billion dollars annually. In many cases, white-collar crimes can be difficult to prosecute due to the oftentimes sophisticated methods used by perpetrators to cover their tracks, with many charges being brought against defendants only after their actions are made public to a whistleblower.

White Collar Crimes Can Be State or Federal Crimes

Many white collar crimes are federal offenses which are prosecuted by agencies such as the FBI, Drug Enforcement Administration (DEA), Secret Service, Criminal Division of the Internal Revenue Service (IRS), Postal Service, and Customs. In the United States, punishments for white-collar crimes increased substantially in 2002 with the passing of the Sarbanes-Oxley Act in the wake of the massive Enron scandal. Since white collar crimes can involve the violation of several federal and state laws and can carry a wide range of punishments, it is imperative that accused individuals retain the services of a skilled criminal defense attorney to minimize their chances of conviction.

If you have been charged with a white collar crime, contact Blumenthal Law Offices immediately. Having both a former Deputy District Attorney and a certified fraud investigation specialist on our team, our Riverside white collar crime lawyers are equipped with the knowledge and skills you need to give you a fighting chance against the prosecution’s claims.

Call (951) 682-5110 or schedule your no-cost case review today to get started.

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